6 min read.Updated: 10 Jan 2019, 11:55 PM ISTVikas Vasal
Today, law related to taxation of gifts cover all 'persons' who are in receipt of specified gifts
The word ‘gift’ generally brings with it a feeling of reward and gratitude, without any obligation on part of the recipient. However, little does a recipient know that the gift could also have a tax incidence associated with it.
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